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OIG Report clears Powell

A scathing watchdog report blasts the Federal Reserve for mismanaging its $2 billion headquarters renovation, while clearing former Chairman Jerome Powell of criminal wrongdoing.

Sources (1)+1 copy· Sep 30, 8:13 PM to Oct 1, 12:26 AM

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New York Post· Sep 30, 8:13 PMOIG Report clears PowellAlso ran in EUROPE SAYS

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Federal Reserve HQ Renovation costs hit $2.5B: OIG Report clears PowellA scathing watchdog report blasted the Federal Reserve on Wednesday for severely mismanaging its ‘Palace of Versailles” HQ renovation, but officially cleared

EUROPE SAYS7d agoWhole story →

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Watchdog Clears Powell, Says Fed Board Mishandled CostsWhile faulting Fed managers for weak cost controls that led to a roughly $1 billion overrun, the Federal Reserve's inspector general on Wednesday cleared former Chair Jerome Powell of criminal wrongdoing in the central bank's $2.4 billion headquarters renovation.

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No criminal wrongdoing in Federal Reserve building renovation, watchdog says, but it was mismanagedWASHINGTON — The Federal Reserve’s internal watchdog said Wednesday that the agency has broadly mismanaged an expansive building renovation project but did not find any criminal violations, as alleged by Trump administration prosecutors. The Fed’s inspector general said that a variety of missteps by its Board of Governors inflated the

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Federal Reserve watchdog finds no criminal violations for building renovation cost overrunsAn internal watchdog said the Federal Reserve mismanaged costs associated with a $2.4bn renovation of its Washington DC headquarters, but noted that no

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Federal Reserve watchdog finds no illegal conduct from Powell renovationsThe Federal Reserve's watchdog found the institution did not "effectively manage" its renovations of the central bank's headquarters under Jerome Powell.

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Trump targets Powell again after report says he did not break the law with expensive Fed renovationsAn inspector general review of the Federal Reserve’s headquarters renovation found no sign that then-Chair Jerome Powell broke the law or committed miscond

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Inspector general finds no misconduct in Federal Reserve renovationsAn inspector general report into the management of the Federal Reserve's renovation project found no administrative misconduct after former Fed Chair Jerome Powell faced scrutiny.

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Fed watchdog finds renovation failures, no grounds for criminal referralThe long-awaited report by the Fed's inspector general said it found no reasonable grounds to believe federal criminal law had been violated.

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DOJ not reopening criminal probe into Powell, Blanche saysThe U.S. Justice Department is not reopening a criminal probe into former Federal Reserve Chair Jerome Powell for cost overruns related to the central bank's building renovation project, a DOJ spokesperson said on Friday. Attorney General Todd ⁠Blanche, in comments to Bloomberg News, which first reported the ‌development, said he has not ruled out…

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